Meiji agreed to acquire a 25% stake in AustAsia Investment Holdings from Japfa for $254m

Meiji, a food company, agreed to acquire a 25% stake in AustAsia Investment Holdings, a dairy farm operator, from Japfa, a Singapore-based agri-food company, for $254m. Meiji aims to improve its long-term corporate value by establishing growth foundation in the overseas market. This acquisition will strengthen the value chain from raw milk procurement to finished product operation and establish a sustainable growth base in China.